📉Gold retraced smoothly from a significant horizontal resistance level, forming a double top pattern and breaking below the neckline.
The broken neckline, along with other vertical structures, now create an expanding supply zone. It is recommended to consider shorting from this area, anticipating a bearish trend continuation towards 2015 levels.
The broken neckline, along with other vertical structures, now create an expanding supply zone. It is recommended to consider shorting from this area, anticipating a bearish trend continuation towards 2015 levels.
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